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CLK Properties proudly announces the acquisition of Legacy Mill Apartments, a 352-unit apartment community in Athens, Georgia. This significant acquisition reflects CLK’s focus on expanding its national multifamily portfolio and its ability to secure attractive financing and buy through the pandemic. This has been a busy year for CLK, as Legacy Mill marks the firm’s fourth acquisition in 2020 – CLK expanded its portfolio by over 1,400 units combined, with acquisitions throughout the southeast, Midwest, and Carolinas.
“I’m very excited to expand our presence in Athens with this beautiful community,” said Craig Koenigsberg, Founder and CEO of CLK Properties. “We have been very successful in this market for over two decades and our market knowledge and hands on management approach will allow CLK to identify and capitalize on operational efficiencies at the property.”
With the latest acquisition of Legacy Mill, CLK Properties now owns and operates over 1,000 units throughout the Georgia, and plans to expand its presence throughout the region in 2021. CLK is the leader in Georgia property management and rental units.
Built in 2000, Legacy Mill is an attractive 352-unit garden style property located in Athens, GA. The institutional grade community is comprised of three story buildings, dressed in a combination of hardiplank siding and stone accent, topped with pitched roofs. The Property offers an average unit size of 1,043-SF and desirable one-, two-, and three-bedroom floor plans, attracting a broad range of the submarkets renter profile, from students at the University of Georgia, to young professionals and small families with children.
Please let us know if you have any questions regarding this transaction, would like to discuss any investment strategies with us, or our property management in Georgia. We look forward to hearing from you.
Please contact Maxx Blumenfeld at [email protected]
The CLK Properties Team